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The Certified U.S. Gold G$1 McKinley 1917 MS65 NGC is a significant commemorative gold coin that honors the legacy of President William McKinley. Issued to help fund the construction of the McKinley Memorial in Niles, Ohio, this gold dollar was part of a two-year series struck in 1916 and 1917. It represents one of the last gold dollars ever produced by the United States Mint, making it an important piece in the history of American numismatics. With its limited mintage, classic design, and connection to an influential historical figure, the McKinley Gold Dollar remains a coveted item among collectors. A certified MS65 specimen from NGC ensures that the coin has survived in outstanding condition, retaining its original luster and sharp strike.
The McKinley Gold Dollar was authorized by Congress to help raise funds for the construction of a memorial dedicated to President William McKinley, who was assassinated in 1901. McKinley was a highly respected leader, known for his economic policies, expansionist vision, and leadership during the Spanish-American War. His tragic assassination in Buffalo, New York, deeply affected the nation, and efforts to honor his memory began almost immediately. The issuance of a gold dollar coin was one way to support the funding of a grand memorial in his hometown of Niles, Ohio. The program mirrored the earlier use of commemorative coinage to support civic projects, a practice that was becoming more common in the early 20th century.
The obverse of the 1917 McKinley Gold Dollar features a left-facing portrait of President McKinley, designed by Charles E. Barber, the sixth Chief Engraver of the U.S. Mint. Barber’s depiction of McKinley is finely detailed, capturing the distinguished features of the late president, including his high forehead and solemn expression. The inscriptions “UNITED STATES OF AMERICA” curve along the top, while “MCKINLEY DOLLAR” is engraved below. The portrait is executed with precision, reflecting the dignified character of McKinley. The choice to feature a former president on a gold dollar was unique, as previous issues had largely focused on allegorical representations rather than specific historical figures.
The reverse of the coin, also designed by Charles E. Barber, showcases the McKinley Memorial, the structure that the coin’s sales were intended to help fund. The building is depicted in an architectural style consistent with the grandeur of early 20th-century monuments, featuring a domed roof and a solid, symmetrical design. The inscription “MEMORIAL” appears above the building, while the date “1917” is positioned below. The simplicity of the reverse design effectively conveys the purpose of the coin, emphasizing the lasting tribute to McKinley. The use of a structure on a U.S. gold coin was unusual at the time, making this design particularly distinctive among commemorative issues.
The 1917 McKinley Gold Dollar was struck at the Philadelphia Mint, the only facility responsible for producing these commemorative gold dollars. The Philadelphia Mint was the logical choice for such a prestigious issue, as it had a long history of producing high-quality commemorative and circulation coinage. The gold dollar was composed of 90% gold and 10% copper, maintaining the traditional alloy used for U.S. gold coinage of the era. With a weight of 1.67 grams and a diameter of 15 millimeters, it followed the standard specifications of previous gold dollar issues, making it a small but historically significant piece.
The total mintage of the 1917 McKinley Gold Dollar was 10,000 pieces, a relatively low figure that contributes to its numismatic rarity. Unlike many earlier gold commemorative issues, which often had high production numbers, the McKinley Gold Dollar was minted in limited quantities due to declining public interest in commemorative gold coins. Many of these coins were mishandled or lost over time, further reducing the number of well-preserved examples available to collectors today. The low surviving population, especially in high grades, makes this coin a prized acquisition for numismatists specializing in early U.S. commemoratives.
A Certified U.S. Gold G$1 McKinley 1917 graded MS65 by NGC represents a high-quality, near-Gem Mint State specimen. The MS65 designation indicates that the coin has survived in exceptional condition, with strong luster, a sharp strike, and only minor surface imperfections. Coins in this grade are highly desirable because they offer an outstanding balance between rarity and affordability, making them accessible to both advanced and intermediate collectors. NGC’s certification ensures the coin’s authenticity and grade accuracy, providing confidence to buyers and investors alike.
The obverse of an MS65 specimen should display crisp, well-defined details in McKinley’s portrait, with no signs of wear or soft striking. The fine lines in his hair, facial features, and clothing should remain fully visible, demonstrating the precision of the original engraving. The surrounding inscriptions should be bold and clear, with no signs of weakness or fading. The fields of the coin should be relatively smooth, with only minor contact marks or abrasions that do not detract from the overall eye appeal. The original mint luster should be strong, creating a radiant golden sheen that enhances the visual appeal of the coin.
The reverse of an MS65 specimen should feature a sharply struck and fully detailed McKinley Memorial, with architectural elements clearly visible. The domed roof, columns, and steps should retain their original clarity, ensuring that the design remains easily recognizable. The lettering should be bold and well-defined, with no evidence of weak striking. The overall strike should be strong, ensuring that all design elements are rendered properly. The golden luster should be evenly distributed, contributing to the coin’s bright and attractive appearance.
One of the key characteristics of an MS65 specimen is its outstanding mint luster. A well-preserved McKinley Gold Dollar should exhibit a frosty sheen across both the obverse and reverse, with no dulling or discoloration. The frosted devices should contrast beautifully with the mirrored fields, creating an appealing effect that adds depth to the design. Any handling marks should be minimal and should not interfere with the coin’s overall beauty. Coins that have been properly stored and handled will maintain their bright, natural gold coloration, further enhancing their desirability.
The 1917 McKinley Gold Dollar is an essential coin for collectors of U.S. commemorative gold issues, offering a fascinating blend of historical significance, numismatic rarity, and artistic appeal. Its association with one of America’s most influential presidents, combined with its low mintage and distinctive design, ensures its lasting popularity among numismatists. The coin serves as a tangible link to a period in American history when commemorative coinage played a vital role in funding national monuments and honoring important figures.
For those looking to acquire a Certified U.S. Gold G$1 McKinley 1917 MS65 NGC, reputable numismatic dealers, auction houses, and specialized coin retailers offer the best opportunities. Buyers should seek coins encapsulated in their original NGC holders to ensure authenticity and grade accuracy. Given the rarity and historical significance of this issue, acquiring a well-preserved specimen is a valuable addition to any collection. As demand for high-grade commemorative gold coins continues to grow, the McKinley Gold Dollar remains a desirable and prestigious asset.
The Certified U.S. Gold G$1 McKinley 1917 MS65 NGC stands as a testament to both President McKinley’s enduring legacy and the rich history of American commemorative coinage. With its stunning design, historical relevance, and limited mintage, this coin is an exceptional piece for collectors and investors alike. Whether admired for its beauty, numismatic significance, or investment potential, the 1917 McKinley Gold Dollar remains an enduring symbol of America’s early commemorative coin program.